The Spanish Exchange traded 55.46 bn. euros in March
1 April, 2020
Monthly trading statements for BME markets
- Up 59.9% from the same month in 2019 and up 46.4% from February
- The number of equity trades in March increased 142.3% yoy to 7.61 million
- New issues admitted in the Fixed Income markets posted a 26.1% increase year-on-year
- On 12 March 77,763 IBEX 35 PLUS contracts were traded, hitting a daily a record high excluding the expiration weeks
The Spanish Stock Exchange traded 55.46 billion euros in Equities in March, up 59.9% from the same period in 2019 and up 46.4% from the previous month. The number of trades in March reached 7.61 million, up 142.3% from the same period a year earlier and up 82.9% from the preceding month.
BME's market share in Spanish equities in March stood at 72.39%, The average spread for the same period was 14.96 basis points at the first price level (16% better than the next trading venue) and 21.43 basis points with order book depth of 25,000 euros (26.1% better), according to an independent report by LiquidMetrix, available here: www.bmerv.es/ing/Miembros/MIFID_II.aspx, In all trading venues this data includes both transparent order book (LIT) trading – including auctions – and non-transparent (dark) off-book trading.
As regards Fixed Income new issues in March reached 42.62 billion euros, up 83.7% from the previous month and up 19.5% year-on-year. The outstanding balance was 1.59 trillion euros, up 0.9% year-on-year and up 2% year-on-year in the first three months of the year.
The total traded volume in Fixed Income was 31.31 billion euros in March, up 26.1% from February. New issues admitted to trading, including Public Debt and Private Fixed Income issuances, amounted to 42.62 billion euros, with growth rates of 19.5% compared to the same month of 2019 and 83.7% compared to February this year. The outstanding balance stood at 1.59 trillion euros, up 0.9% from March 2019 and up 2% year on year for the January to March 2020 period.
The trading volume in the Financial Derivatives kept increasing in March, especially Index Futures, in a month marked by greater volatility. On 12 March 77,763 IBEX 35 PLUS contracts were traded, hitting a daily record high, excluding the contract’s expiration weeks. In March the trading volume of IBEX 35 and Mini IBEX Futures grew by 74.6% and 200.8% respectively year-on-year. As regards Stock Options March marked the third consecutive month of year-on-year growth, with a 60.4% increase.
The trading volume posted by BME’s Derivatives Market grew 17.8% year on year.
Trading by business areas and assets
|
March 2020 |
%Change Feb20 |
%Change March19 |
% Change YearToDate2020 |
|
|
Equities(1) |
||||
|
- Equities |
55,468.1 |
46.4% |
59.9% |
19.6% |
|
Number of trades |
7,609.8 |
82.9% |
142.3% |
59.3% |
|
- Warrants |
30.6 |
-1.3% |
8.8% |
-0.8% |
|
Number of trades |
10.5 |
31.4% |
60.7% |
30.4% |
|
- ETFs |
457.8 |
93.4% |
232.3% |
75.4% |
|
Number of trades |
33.6 |
189.0% |
524.3% |
220.7% |
|
Fixed Income |
||||
|
Traded Volume(2) |
31,313.0 |
26.1% |
-18.9% |
-20.6% |
|
New Issues |
42,625.6 |
83.7% |
19.5% |
-9.7% |
|
Outstanding Balance |
1,585,943.0 |
1.3% |
0.9% |
2.0% |
|
Financial derivatives(3) |
||||
|
- Futures: IBEX 35 |
875.2 |
40.7% |
74.6% |
35.2% |
|
Mini IBEX 35 |
351.8 |
118.1% |
200.8% |
77.3% |
|
Shares |
2,899.4 |
533.3% |
-5.6% |
-29.4% |
|
- Options: IBEX 35 |
135.1 |
-54.7% |
-66.7% |
-11.0% |
|
Shares |
2,199.8 |
-1.7% |
60.4% |
74.7% |
(1) By asset type in million euros; number of trades in thousands
(2) Since implementation of MiFID II only trading on electronic platforms included
(3) Thousands of contracts
